The theme of the article is financial management. This article discusses how the changes should be made to the Turnaround analysis approach that can improve the performance of a company. The article is the result of the study of literature. Change is an important portion of a management, where every leader is measured ability to predict changes and to make changes as the potential of the company's performance. A leader faces changes by having a vision and strategy that is based on assumptions about the future situation which is expected to occur. Along with the development of science and technology requires a company to change the level of productivity and company performance. This has encouraged management to be able to make changes in various ways or methods. One of them with an analysis of the Turnaround is to do a fundamental change, through changes in leadership, management, operational processes, and changes in the market approach. All these aim to increase the market value and increase the efficiency of the company in the long term. Change does not have to happen, but changes must be able to run well. Management changes are required in order to assist the process of change to become more focused and able to put these changes into the organization or the company's business world.


Change Management, Turnaround Analysis, Corporate Performance


Arsyad, Azhar. 2003. Pokok-Pokok Manajemen. Yogyakarta: Pustaka Pelajar.

Bernardin, H. John, dan Joyce E. A Russel. 2003. Human Resource Management. Singapore: McGraw-Hill Inc.

Burke. W.W. 2002. Organization Change: Theory and Practice. London: Fondations for Organizational Science.

Davidson, Jeff. 2009. The Complete Ideal's Guides: Change Management. Jakarta: Prenada Media Group.

Halim, Abdul. 2009. Sistim Pengendalian Manajemen. Yogyakarta: UPP STIM YKPN.

Hammer, Michael and James Champy. 1994. Reengineering the Corporation: A Manifesto for Business Revolution, The Academy of Management Review, 19 (3): 595-600.

Helmalia. 2011. Perubahan Organisasi dalam Perspektif Manajemen Perubahan, Maqdis, 3 (1).

Mulyadi. 2001. Balanced Scorecard: Alat Manajemen Kontemporer untuk Pelipatganda Kinerja Keuangan Perusahaan. Jakarta: Salemba Empat.

Rhenald Kasali. 2005. Change! Manajemen Perubahan dan Manajemen Harapan. Jakarta: Gramedia Pustaka Utama.

Siswanto, Sastrohadiwirjo B.S. 2004. Manajemen Tenaga Kerja Indonesia, Pendekatan Administratif dan Operasional. Jakarta: Bumi Aksara..

Soerjogoeritno, E. R. 2004. Total Organizational Change, Berkelanjutan: Perspektif Manajemen Perubahan, Usahawan, 6 (32).

Supardi, Sri Mastuti. 2003. Validitas Penggunaan Z Score Altman untuk Menilai Kebangkrutan Pada Perusahaan Perbankan yang Go Public di Bursa Efek Jakarta. Kompak, 7 (1): 68-93.

Tjokrosusilo, Hadi. 2013. Analisa Rasio keuangan untuk Menilai Kinerja Perusahaan Univ. Maritim.

Wallace & Szilagyi. 1982. Managing Behavior in Organization. London: Scott Foresman & Company.



  • There are currently no refbacks.

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.


View My Stats